Guatemalan Palm Oil Supplier REPSA Caught up in Corruption and Bribery Scandal
▻https://medium.com/@foe_us/guatemalan-palm-oil-supplier-repsa-caught-up-in-corruption-and-bribery-scand
Guatemalan palm oil company called Reforestadora de Palmas AC (REPSA) was charged with corruption last week in a high-profile investigation of systemic tax fraud in Guatemala. As of this writing, the REPSA executives named in the case are considered “fugitives from justice” by CICIG, the UN-backed anti-impunity body in charge of the case. REPSA, which supplies palm oil to the global market, is among a group of companies that the investigative website Plaza Publica calls “a cartel of millionaire influence traffickers”.
Among the global companies that are known or believed to have business links to REPSA and its owner, Grupo HAME, are agribusiness traders Cargill and Wilmar — both of which suspended purchasing from REPSA just last month — as well as a number of consumer goods companies that include Nestle, Pepsico, and Mexico’s Grupo Bimbo.